Baker Ellis Asset Management LLC Lowers Stock Holdings in Archer-Daniels-Midland Company (NYSE:ADM)

Baker Ellis Asset Management LLC decreased its position in shares of Archer-Daniels-Midland Company (NYSE:ADM) by 2.3% during the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 57,297 shares of the company’s stock after selling 1,367 shares during the quarter. Baker Ellis Asset Management LLC’s holdings in Archer-Daniels-Midland were worth $3,599,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of ADM. Orion Capital Management LLC purchased a new position in shares of Archer-Daniels-Midland during the 3rd quarter valued at $28,000. Tompkins Financial Corp bought a new stake in Archer-Daniels-Midland in the 3rd quarter valued at $28,000. Operose Advisors LLC bought a new stake in Archer-Daniels-Midland in the 3rd quarter valued at $30,000. Rise Advisors LLC bought a new stake in Archer-Daniels-Midland in the 1st quarter valued at $34,000. Finally, EdgeRock Capital LLC bought a new stake in Archer-Daniels-Midland in the 4th quarter valued at $35,000. Hedge funds and other institutional investors own 78.28% of the company’s stock.

Insider Buying and Selling at Archer-Daniels-Midland

In other Archer-Daniels-Midland news, insider Fruit Molly L. Strader sold 6,904 shares of the business’s stock in a transaction dated Wednesday, May 22nd. The shares were sold at an average price of $60.73, for a total value of $419,279.92. Following the completion of the sale, the insider now directly owns 8,555 shares of the company’s stock, valued at approximately $519,545.15. The transaction was disclosed in a filing with the SEC, which is available through this link. 1.20% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the stock. Jefferies Financial Group reduced their price target on shares of Archer-Daniels-Midland from $70.00 to $65.00 and set a “hold” rating on the stock in a report on Wednesday, March 13th. BMO Capital Markets reduced their target price on shares of Archer-Daniels-Midland from $66.00 to $60.00 and set a “market perform” rating on the stock in a report on Wednesday, March 13th. Bank of America reduced their target price on shares of Archer-Daniels-Midland from $85.00 to $74.00 and set a “neutral” rating on the stock in a report on Thursday, March 14th. Finally, Citigroup boosted their target price on shares of Archer-Daniels-Midland from $63.00 to $64.00 and gave the stock a “neutral” rating in a report on Wednesday, April 3rd. One investment analyst has rated the stock with a sell rating and fifteen have assigned a hold rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $67.50.

Archer-Daniels-Midland Trading Down 0.3 %

Shares of ADM stock traded down $0.16 during trading hours on Friday, reaching $60.45. 11,726,102 shares of the stock were exchanged, compared to its average volume of 4,361,535. Archer-Daniels-Midland Company has a 12-month low of $50.72 and a 12-month high of $87.30. The company has a current ratio of 1.47, a quick ratio of 0.88 and a debt-to-equity ratio of 0.35. The company’s 50-day moving average price is $60.95 and its 200-day moving average price is $61.31. The firm has a market capitalization of $29.89 billion, a price-to-earnings ratio of 10.61 and a beta of 0.75.

Archer-Daniels-Midland (NYSE:ADM) last released its quarterly earnings results on Tuesday, April 30th. The company reported $1.46 EPS for the quarter, topping analysts’ consensus estimates of $1.35 by $0.11. The firm had revenue of $21.85 billion during the quarter, compared to analysts’ expectations of $22.26 billion. Archer-Daniels-Midland had a net margin of 3.32% and a return on equity of 13.87%. The firm’s revenue for the quarter was down 9.2% compared to the same quarter last year. During the same period in the previous year, the company earned $2.09 EPS. As a group, equities analysts anticipate that Archer-Daniels-Midland Company will post 5.62 earnings per share for the current year.

Archer-Daniels-Midland announced that its Board of Directors has authorized a stock repurchase program on Tuesday, March 12th that allows the company to repurchase $2.00 billion in shares. This repurchase authorization allows the company to buy up to 6.4% of its shares through open market purchases. Shares repurchase programs are often a sign that the company’s board believes its shares are undervalued.

Archer-Daniels-Midland Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 5th. Shareholders of record on Thursday, May 16th were given a $0.50 dividend. The ex-dividend date was Wednesday, May 15th. This represents a $2.00 annualized dividend and a yield of 3.31%. Archer-Daniels-Midland’s dividend payout ratio (DPR) is 35.09%.

Archer-Daniels-Midland Company Profile

Archer-Daniels-Midland Company engages in the procurement, transportation, storage, processing, and merchandising of agricultural commodities, ingredients, flavors, and solutions in the United States, Switzerland, the Cayman Islands, Brazil, Mexico, Canada, the United Kingdom, and internationally. It operates in three segments: Ag Services and Oilseeds, Carbohydrate Solutions, and Nutrition.